Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$158,057$158,057$269,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$111,853$0
Funding fee$790$790$0
Note rate6.500%6.500%7.400%
Blended rate6.500%7.122%7.640%
1st payment$1,011.31$1,011.31$1,868.80
2nd payment$0.00$745.68$0.00
Taxes / mo$71.00$71.00$71.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,232.31$1,977.99$2,143.78
Cash to close$141,843$29,990$29,990